Author Question: Unions can increase their wage rates by a. all of the following b. decreasing the supply of labor ... (Read 51 times)

bcretired · **on:** Jun 30, 2018

Unions can increase their wage rates by
a. all of the following
b. decreasing the supply of labor
c. using the threat of a strike
d. increasing the proportion of union workers in the industry
e. increasing the demand for the product they produce and, therefore, the demand for their labor services

Question 2

In autarky,
a. each country's consumption possibilities are the same as its production possibilities
b. equilibrium is attained with the maximum gains from specialization and trade
c. equilibrium is attained with the maximum amount of international trade
d. a nation has such a high standard of living that there are technically no poor people
e. a nation is governed by an individual with absolute authority